State Sen. Robin Webb (D-Carter) said the virus is one of her biggest concerns for the project moving forward.

".And on Saturday, he concluded his post with sharp words for private equity investors.

People aren’t using fountain drinks and kegs,” Foster said. He said wearing two hats isn’t a problem.“I wore one hat to get this hat,” he said. There’s a really nice group of people.”,Foster continued, “A lot of people will come up and ask me about the project and wish me good luck. I go down to Jimmy’s (Jim’s Hot Dogs And Spaghetti) downstairs and for $3.29, I get a good chicken salad sandwich. Matt Bevin with the approval of the state legislature.The state Attorney General's office got involved late Friday by sending a letter to the Cabinet for Economic Development, requesting all Braidy-related documents involved with the state's contribution.“The Attorney General’s Office is aware of the leadership transition within Braidy Industries and is actively engaged in learning more about the change to ensure that Kentucky’s investment in the company is protected and that the anticipated economic benefit to Eastern Kentucky comes to pass,” said AG spokeswoman Elizabeth Kuhn.After Braidy made its now-disputed announcement Thursday that Bouchard is stepping down, Gov. Two years ago, the company announced Kiewit as the lead contractor for building the mill — now Clayco is in the saddle.“What happened with them (Kiewit) is their cost estimates went through the roof, which was an indication to me they weren’t that interested in the project,” Foster said. “Until they bring the jobs they promised, the company will never overcome being anything more than a pipe dream.”,Foster said he is confident history will show that “this will be one of the best investments Kentucky has ever made.”,“Remember when Toyota came down and all the controversy around that?” Foster said.

Where else can you get a good $13 haircut? He said community engagement with organizations like Build Ashland is important to seeing improved relations between the company and the community.“Generally, what you’re dealing with here (at Braidy) is a very professional group of individuals who are very altruistic,” he said. They feel very confident. “What I really tried to do is take a look at all our key relationships and make more of an effort at communicating with them, so there’s no surprises throughout the system. I don’t expect anyone to believe what I have to say. Visitation 11 a.m. till 1 p.m. Friday. “I go down and get my haircut at Dee Dee’s.

Rusal contributed $75 million over a four-month period prior to pausing payments in late 2019 until Braidy pony-upped $300 million for the project.In June, Rusal took back $10 million, per the SEC report. Col. Curt Carson, the liaison between Braidy and the college, said that course change was a “pause button” that the company hit while sorting out the lawsuit with Bouchard.“It wasn’t stopped, we just had to hit the pause button,” Carson said. Andy Beshear (who defeated Bevin in the November 2019 election) and Kentucky House Speaker David Osborne indicated it's their understanding that the company is still moving forward with plans for the mill.Beshear spokesman Sebastian Kitchen said: “We were previously advised of these changes and it is our understanding they do not impact the current status of the project.”.And Osborne said he had spoken with local officials who are confident in the future mill. “We’re going to come through that, too. Online condolences may be sent to mfhfuneralhome.com.Sorry, there are no recent results for popular commented articles.Sign up now to get our FREE breaking news coverage delivered right to your inbox.You have permission to edit this article.Fostering a new era: Braidy Industries CEO ready to ‘grind it out,’ ‘get it done’ (with video),DUVALL, Robert Mar 30, 1937 - Sep 19, 2020,WARRICK, Judy Apr 16, 1946 - Sep 21, 2020,HANEY, Estill Apr 20, 1940 - Sep 22, 2020,THOMPSON, Virginia Dec 19, 1924 - Sep 20, 2020,Honing his senses: Carpenter doesn't let deafness define his play on the field,Details emerge in dispute: Former Braidy executive makes accusations against company, which it denies,The Home Front: Wright chronicles battle with COVID-19,East Carter answers the bell against Fleming County,UPDATE: Two Boyd jail employees test positive for COVID-19; other staff negative. LOUISVILLE, Ky. (WDRB) – Braidy Industries Inc.'s disclosure this week that its CEO borrowed about $15 million from the company earlier this year should “raise some eyebrows,” according to a longtime expert in corporate governance.Charles Elson, director of the John L. Weinberg Center for Corporate Governance at the University of Delaware, told WDRB that corporations generally avoid lending money to their executives – and federal law makes the practice illegal for publicly traded firms.“The issue is, the company shouldn’t become an executive’s source of financing,” Elson said in a phone interview Thursday.Earlier this week, Braidy Industries disclosed that the company’s chairman and CEO Craig Bouchard borrowed “approximately” $15 million from the company in March -- the same month in which the company raised $75 million through a private sale of stock.Bouchard has since repaid $12 million, including interest, and expects to fully repay the loan by the end of the year, according to the filing.While a private business, a significant portion of Braidy Industries’ initial capital came from Kentucky taxpayers when.Braidy Industries plans to build a state-of-the-art aluminum mill in Ashland, Ky., and to create 600 high-paying factory jobs when the mill opens in 2020.The $15 million loan to Bouchard was “to facilitate the consummation” of Braidy Industries’ acquisition of Veloxint, a company formed around emerging metals technology developed at the Massachusetts Institute of Technology, Braidy Industries says in the financial disclosure.Braidy Industries acquired Veloxint in March, the same month as the $75 million stock sale and the loan to Bouchard.The filing doesn’t explain why it was necessary for Bouchard to borrow from Braidy Industries if the money was needed for a corporate purpose, and Braidy Industries declined to elaborate.“I cannot provide the details of private business transactions,” Jaunique Sealey, the company's vice president of business development, said in an email to WDRB News on Friday.Sealey mostly reiterated information from Braidy Industries’ financial disclosure, including that the loan was “100% related to the successful closing of the Veloxint acquisition;” approved by the Braidy Industries board of directors; and on “full recourse” terms, meaning the company can pursue all of Bouchard’s assets if he fails to repay it.The loan was also “fully disclosed and agreed to by each of the other investors participating in the concurrent capital-raising effort being conducted at the Braidy Industries parent company level,” Sealey said, referring to the $75 million stock sale.Elson, the corporate governance expert at the University of Delaware, said that it’s “usually not considered a good idea” for executives to borrow from the companies they run – unless it’s a family business with no unrelated shareholders.“The danger is when you are dealing with other people’s money,” he said, referring to companies that have a multitude of investors.In Braidy Industries’ case, the commonwealth of Kentucky’s $15 million appears to have contributed the majority of the company’s capital during its first year, before the second stock offering in which the company raised $75 million from private sources.Bouchard himself bought more than $18 million in Braidy Industries stock in the $75 million sale, Sealey said.Charlie Moyer, dean emeritus of the College of Business at the University of Louisville, said that while he hasn’t reviewed Braidy Industries’ filing in detail and isn’t involved in the deal, the disclosure of the loan raises questions.“On the face of it, this appears to be a very complex and unusual transaction and as such, it merits further scrutiny,” he said.But Dale Boden, president of B-F Capital, a Louisville private investment firm that often deals with early-stage companies, said there could be a number of benign explanations for Bouchard’s borrowing from the company, depending on the precise terms of the acquisition.He said potential investors in Braidy Industries, which he praised as a potentially transformative project for Kentucky, may want to know more about the circumstances of the loan.“Those are certainly legitimate questions that would be on your due diligence list, if you were going to consider investing in the company,” he said.High-ranking Democrats in the U.S. House and Senate are calling for a review of a Russian company's investment into Braidy Industries' planned aluminum plant in Ashland, Ky.The company in which Kentucky taxpayers are investors is still trying to raise money for the Ashland project despite a $200 million commitment from Russian aluminum giant Rusal.Chris Otts reports for WDRB.com about business and economic topics, higher education and local / state government.

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